The Indian subsidiary of Netherlands-based PayU, the payments arm of tech investor Naspers, PayU India, recorded a jump of 92% in revenue for the period ending March 2018, reaching $84.8 Mn (INR 588 Cr) from $44.35 Mn (INR 311 Cr) the year before, according to the company’s filings accessed via business intelligence platform Tofler.

The development comes soon after Naspers said that PayU India accounted for more than half the overall business of Netherlands-based PayU. The financial report for H1 FY19 reported a 35% increase in the number of transactions processed, to over 400 Mn, generating a total payment transaction value exceeding $14 Bn (INR 99,071 Cr) on the PayU platform.